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Money and Finances
Reply to "How is it "easy to make money"?"
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[quote=Anonymous]DH and I are 43 and 41. We contributed $57K to our two 401ks last year (including employer match). Sounds pretty okay, right? But that is nothing compared to the compounding growth we achieved. Our overall retirement portfolio increased by $1.7M between January 2023 and December 2023 and only $57,000 of that was contributions – the remaining $1,652,000 was all growth. We make more money in the stock market in a single week than we earn from our jobs over the course of an entire month. It’s all about making sacrifices early in life, people. We chose to buy used cars in cash (no loans), clean our own home, mow our own yard, and live well within our means while others were living extravagantly on borrowed dollars. Do this for the first 10-20 years after graduating and the next 50-60 years are as easy as pie. Or…blow it all up front and spend the latter half of your life clipping coupons, shopping at Costco, begging for senior discounts, and driving to Rehoboth Beach for vacations instead of flying first class to Bora Bora or Seychelles. Pathetic. [/quote]
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